McDonald's Is Falling After Obama's Call For A $9 Minimum Wage

Last night, Obama called for Congress to enact a $9 minimum wage.

It’s a controversial call (some people argue that a minimum wage destroys low-end jobs), and it’s unlikely to come to pass in this Congress. But in 2014, it’s conceivable.

Anyway, the fast food companies (Burger King, Wendy’s, McDonald’s) are all down today. And it seems possible there’s a connection, though it’s impossible to know.

McDonald’s is getting hit the most.


Photo: Yahoo Finance

Watch Below: President Obama’s Ambitious Plans For His Second Term

Please enable Javascript to watch this video

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at